During "Trump-Russia" issue this pair did show a big drop. Many analysts advised to short the pair. For a short term perspective, that was OK. But what I'm seeing is- this pair dropped to gather momentum for a larger upside push. Currently, USD/JPY is inside a weekly triangle(Blue). My current Daily A-B boundary is showing a bounce at 50% fibo confluencing with a support level. So I am a Bull at-least till the triangle resistance.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.